If Books Could Kill cover image

Rich Dad Poor Dad

If Books Could Kill

ANECDOTE

Lottery Winner Bankruptcy Myth

  • Kiyosaki claims that lottery winners often end up bankrupt as evidence that more money doesn't solve problems.
  • This 70% statistic is commonly attributed to the National Endowment for Financial Education (NEFE).
  • However, NEFE has denied ever publishing this statistic, tracing it back to a random panelist.
  • This myth seems to stem from a societal discomfort with unearned wealth.
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